Bitcoin continues to rise. Bitcoin, which broke its record of $69,000 last week but then fell, started this week fast. The largest cryptocurrency, which continued its rise, managed to exceed $73,600 today.
ETFs
The biggest factor behind the rise of Bitcoin continues to be the US ETFs. ETFs also had a net record entry of $1 billion yesterday. This figure shows a first, but the important figure here is not only exceeding $1 billion. Because the net figure entering ETFs has not even exceeded $700 million so far. In other words, like $1 billion, the $700, $800 and $900 million levels were exceeded for the first time.
BlackRock also hit a record
BlackRock, the largest ETF issuer, also broke its own record yesterday and received a net investment of $848 million. In second place was ARK Invest with $92 million. Fidelity’s net investment of only $50 million did not go unnoticed.
Grayscale also had a share in the entry of such a large number into ETFs. Grayscale’s sales remained at only $78 million yesterday. These sales had seen a daily level of at least $200 million in the last 1 week.